Tag Archives | Siam Cement

Weak margins hit earnings

By Malini Hariharan

It is the results season and numbers posted so far confirm that the last quarter has been rough with depressed demand, weak product prices and firm feedstock costs affecting earnings.

Siam Cement Group’s EBITDA for the chemicals …

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PTT Global’s latest buy and Siam Cement’s Indonesia plan

By Malini Hariharan

There have been no headline-grabbing deals but bit by bit PTT Global Chemical is extending its business beyond Asia and entering new product areas.

Yesterday, PTT Global announced plans for a joint venture with Perstorp Holding France …

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Siam Cement set for next Indonesian buy

By Malini Hariharan

After picking up a 30% stake in Chandra Asri, the Siam Cement Group (SCG) is looking to seal its next Indonesian buy.

Two companies, SCG and Japan’s Itochu Corp, are reported to have advanced to the second …

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Siam Cement eyes big Indonesian buy

By Malini Hariharan

Confirmation has come in from the Siam Cement Group (SCG) that it is in the race to acquire stakes in two Indonesian companies – Chandra Asri and Sulfindo Adiusaha.

“We are interested in both firms in Indonesia …

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Chandra Asri stake up for sale?

By Malini Hariharan

Indonesia’s sole cracker operator Chandra Asri faces yet another ownership change with Singapore’s Temasek Holding reported to be looking at divesting its stake in the company.

The news report in the Wall Street Journal said several companies …

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Consolidation Thai style

By Malini Hariharan

The long-awaited merger between PTT Chem and PTT Aromatics (PTTAR) was finally announced last week.

A presentation made to financial analysts gave details on what the merged entity will look like, planned synergies and opportunities for growth.…

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Chinaplas: Optimism, consolidation, new plant start-ups and more

By Malini Hariharan

Chinaplas has just concluded and my colleagues have filed some great reports from Shanghai.

Worries about a margin squeeze in the second half of the year persist but polymer producers seem to be increasingly confident about long-term …

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Map Ta Phut pressure mounts

By Malini Hariharan

PTT Chem is likely to miss its revenue growth target of 20% this year because of the Map Ta Phut crisis.

The company had set a 2010 revenue target of about Baht100bn (US$3bn), up from Baht80bn in …

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Map Ta Phut impasse continues

By Malini Hariharan

There is no light yet for companies whose projects have been suspended at Map Ta Phut. Last Friday, Thailand’s Central Administrative Court rejected 30 petitions submitted by companies looking to resume work as their projects had received …

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Map Ta Phut work stops but no clarity on when crisis will be resolved.

By Malini Hariharan

Companies executing projects at Map Ta Phut in Thailand have finally received a notice from the government to stop construction work. The notice comes after the Thai Supreme court’s ruling in early December to suspend 65 projects …

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